#PowellRemarks [6/19, 6:25 PM] Meta AI: Jerome Powell, Chair of the Federal Reserve, recently shared his insights on the US economy and monetary policy. Here are some key points from his remarks¹ ²:
- *Economic Progress*: The US economy has made significant progress toward the Federal Reserve's dual-mandate goals of maximum employment and stable prices. The labor market remains in solid condition, and inflation has eased substantially from its peak.
- *Inflation Outlook*: Powell expects inflation to continue to come down toward the 2% objective, albeit on a sometimes-bumpy path. The Fed is committed to finishing the job of bringing inflation under control.
- *Monetary Policy*: The Fed has taken steps to reduce policy restraint by lowering the policy interest rate. The path for future interest rate decisions will depend on incoming data and the economic outlook.
- *Risks and Challenges*: Powell highlighted the risks of reducing policy restraint too quickly or too
[6/19, 6:25 PM] Meta AI: Jerome Powell, Chair of the Federal Reserve, recently shared his insights on the US economy and monetary policy. Here are some key points from his remarks¹ ²:
- *Economic Progress*: The US economy has made significant progress toward the Federal Reserve's dual-mandate goals of maximum employment and stable prices. The labor market remains in solid condition, and inflation has eased substantially from its peak.
- *Inflation Outlook*: Powell expects inflation to continue to come down toward the 2% objective, albeit on a sometimes-bumpy path. The Fed is committed to finishing the job of bringing inflation under control.
- *Monetary Policy*: The Fed has taken steps to reduce policy restraint by lowering the policy interest rate. The path for future interest rate decisions will depend on incoming data and the economic outlook.
- * inflation expectations well anchored.
Powell's remarks also touched on the importance of³:
- *Public Service*: He encouraged graduates to consider public service, highlighting the value of serving the nation and contributing to the broader community.
- *